Centamin Share Discussion Threads

[farrugia] 20/10/2021 08:26

What Centamin have found at Sukari is the tip of the iceberg. Just wait till they start making findings from the new concessions they've won!

[84stewart] 20/10/2021 08:02

A reasonable article although I find it a bit loaded on some facts 1they are at this time a 1 trick pony,but how long till cleopatra,dropo, cote d ivori come on line,a source close to capital say they are moving ahead of schedule,I honestly believe Horgan
Is holding something back to be introduced later 2 MARK BRISTOW at this moment would not be interested in cey as he is already got licenses in Egypt although not producing,but where cey have new licences could be a GOLD MINE excuse the pun, no definite answers on the wall, royalties as I believe new ones were up for discussion.

[geckotheglorious] 19/10/2021 21:46

Interesting comment on Barrick/CEY possibilities:

Circling back to valuation, there are some producers out there that are hungry for growth at the right price, and Barrick (GOLD) looks to be one of them. Recent rumors suggest that Barrick was in the running for Kirkland Lake Gold (KL), which is now out of the picture, and Barrick has long expressed its interest in Tier-1 assets. The Sukari Gold Mine meets these criteria, with 500,000 ounces per annum of production, a 10-year mine life, and costs that will move back below the industry average by 2024 ($900/oz estimates). Barrick has also expressed interest in Egypt and has secured exploration licenses here recently. Centamin would be a logical fit if Barrick is already looking to enter the country, and it certainly offers gold production at the right price. Having said all that, I see a couple of impediments that might steer Barrick clear of Centamin:

1. While Centamin was a 500,000-ounce producer, its days at 500,000+ ounces look to be in the past, with this being peak production going forward, and not the baseline.

2. Centamin's margins are only accretive to Barrick if costs can drop back to $900/oz, so unlike Pueblo Viejo and some of Barrick's other large production assets, Centamin is not a very low-cost asset, and there's no guarantee that costs will dip back below $900/oz.

3. Barrick Gold wants a minimum 10-year mine life, but it calculates its gold reserves internally at $1,200/oz. Centamin may have a 10-year mine life based on reserves, but it's calculating reserves at a gold price of $1,450/oz. This does not line up with Barrick, and it's less clear if Sukari has a 10-year mine life if the gold price assumption gets tightened up in line with Barrick's more conservative assumptions.

In summary, while Centamin is a logical fit for Barrick, I think it may struggle to pass Barrick's Tier-1 criteria, which I imagine the company may be more rigid on when adding more exposure to Tier-2/Tier-3 jurisdictions.

[spacedust] 19/10/2021 21:12

The bigger the balloon gets the louder the bang when it bursts? Have i got that correct.

Disastrous new year. Wait and see

[stevedaytrader] 19/10/2021 17:27

US markets marching very close to all time highs... again... inflation "transitory" seems to remain the order of the day- Asia markets continuing upward momentum this week- even the HangSeng up ~3%... doomersayers still not had their day ~18months and counting... one day will, and they will say they were right, forgetting all the times they were wrong... gold doing a yoyo... PMs remain unloved, gaining a bit back in last week or so, but a long way to go...

[plat hunter] 19/10/2021 16:39

I was but i bought back at 98

[amanitaangelicus] 19/10/2021 16:18

Plat you sound like you were out pre rns. At this rate, just wait for 90p again.

[plat hunter] 19/10/2021 15:37

Poly, give it's due... It's holding up so far

[plat hunter] 19/10/2021 15:26

I suspect the RNS has made a few wince... Only 29 million free cash flow for the year, albeit that's because of the divi and the capex totaling over 110 million between them.


The rate of cash build however when the capex return starts landing with less spending. Buy on retraces

[swinsco] 19/10/2021 15:18

I'm not touching it at the moment. Aggressive selling going on and add that Poly and others are flying.. oh well.

[338] 19/10/2021 15:09

Bullish flag

[amanitaangelicus] 19/10/2021 13:46

Plus ca change definitement ... out of favour ...she.ll come back again. Better opportunities out there ... I mean there.s loadsa companies out there with no debt, plenty of cash, juicy divi etc ...cough, splutter ...

[plat hunter] 19/10/2021 13:42

Sub 99p is the new sub 90p

[wallywoo] 19/10/2021 13:19

The share price has recently moved up over 10 percent. You have to give it time to consider these gains. It's just the market emotions playing out.The trend has changed now, 100p is also a significant level where a share price rarely stays put for long.Hang on to this IMO, in a few months you will be glad you did!!

[geckotheglorious] 19/10/2021 12:58

Disappointing share price reaction to the decent production update.
Plus ca change.

[farrugia] 19/10/2021 12:58

The story of Centamin has only started - let alone it being over lol. We have quality management at play here. Be ready for major gold discoveries in Egypt. You've been warned.

[djb3] 19/10/2021 12:57

Got to laugh at Trader over on AYM. Thinks a high copper price will cause AYM to rise. It's bringing in sweet fa from Parys. The big point he fails to understand is its not even a producer - absolute amateur. As well as CEY / FRES he never gets anything right.

[84stewart] 19/10/2021 12:51

I would say this is not profit taking but Broker manipulation,ie Barclays ,IMHO

[spacedust] 19/10/2021 12:48

Swinsco its under a pound now.

Gold up
Gold stocks up
Gold aim stocks up

Cey down

[lodgeview] 19/10/2021 12:41

I said it was over. Idiots on here just can't see the wood for the trees. Dire Q3 update.

[trader465] 19/10/2021 12:39

2021 financials will be dire. Production on track to be lower than last year 😆😂🤣

[arkouda] 19/10/2021 11:40

Very true, martin - it’s still jam tomorrow but at least there’s no poison today.

[swinsco] 19/10/2021 11:29

Had a good rise what with the gold price rise and anticipation of update results so would expect profit taking as this is a traded share. Will buy again if it can get under a pound! Still hold my long term shares.

[lodgeview] 19/10/2021 10:37

Kenny lost over £6k on SXX